Ronda Outlaw, Chief Administrative Officer Mike Bridges, Community Operations Director

Current Situation Davie County-owned space, while affordable, is no longer available as of 8/31/15 Limited availability of commercial property in Mocksville (4 other sites explored/ruled out) Proposed space offers benefits (e.g. more program space), but at higher cost 2

Proposed Building 3

Map Comparison 4 Proposed Location Current Location

Proposed Location Highlights Former bank building with 3000 sq feet of space Large area (45’x25’) well suited for speakers and classroom space Three enclosed offices Break room/kitchen area for food preparation Two restrooms Adequate parking 5

Lease Terms Option to “Renew after 2”: Initial Term: Year 1 $2,500 per month Year 2 $2,800 per month Extended Term: Years $3,000 per month Taxes: $ Property and Casualty Insurance - Billed annually; today’s price $528 per year Utilities: $200 a month 6

Detail of Costs Year 1Year 2 Years 3-7 (Optional) Rent2,5002,8003,000 Taxes Utilities200 Insurance44 Monthly Total3,0573,3573,557 Annualized36, , ,

Current Space vs. Proposed Current Location Proposed Location Year 1 * Proposed Location at Max Payment * Sq. Ft1,4403,000 Price per Sq. Ft. Monthly Monthly1,2303,0573,557 Annualized14,76036,68742,687 8 * Excludes cleaning and lawn care

Questions? 9